ISM

ISM report highlights June manufacturing declines

Monday, July 1, 2024 · Jeff Berman The report’s benchmark reading, the PMI, came in at 48.5 (a reading of 50 or higher indicates growth), down 0.2% from May’s 48.7, which was down 0.5% from April’s 49.2.

ISM reports that services sector sees continued growth in March

Wednesday, April 3, 2024 · Jeff Berman The Services PMI, at 51.5 (a reading of 50 or higher signals growth), fell 1.2% in March, while growing, at a slower rate, for the 15th consecutive month.

ISM reports manufacturing sees growth in March, snaps 16-month stretch of contraction

Tuesday, April 2, 2024 · Jeff Berman The report’s benchmark metric, the PMI came in at 50.3 (a reading of 50 or higher indicates growth), topping March’s 47.8, and contracting after 16 months of declines. ISM added that the overall economy grew, at a faster rate, in March, for the 47th consecutive month. The…

ISM reports another month of services sector growth in February

Tuesday, March 5, 2024 · Jeff Berman The Services PMI, at 52.6 (a reading of 50 or higher signals growth), fell 0.8% in February, while growing, at a slower rate, for the 14th consecutive month. This marks growth in 44 of the last 45 months, with December 2022 being the one month with a decline over that period.

February manufacturing output declines, notes ISM

Friday, March 1, 2024 · Jeff Berman The report’s benchmark metric, the PMI came in at 47.8 (a reading of 50 or higher indicates growth), down 1.3% compared to January’s 49.1 reading, contracting, at a faster rate, for the 16th consecutive month.

ISM reports services economy is off to a solid start in 2024

Monday, February 5, 2024 · Jeff Berman The Services PMI, at 53.4 (a reading of 50 or higher signals growth), was up 2.9% in January, growing, at a faster rate, for the 13th consecutive month. This marks growth in 43 of the last 44 months, with December 2022 being the one month with a decline over that period. ISM…

Manufacturing Gets Closer to Growth Territory in January, Reports ISM

Friday, February 2, 2024 · Jeff Berman The report’s benchmark metric, the PMI, came in at 49.1(a reading of 50 or higher indicates growth), up 2.0% over January’s 47.1 reading, contracting, at a slower rate, for the 15th consecutive month. The past 15 months of contraction were preceded by a stretch of 28…

Service Sector PMI Records Highest Reading In 12 Months

Wednesday, December 6, 2023 · Jeff Berman November services economy activity remained in growth mode, according to the new edition of the ISM Report on Business, which was issued Tuesday by the Institute for Supply Management (ISM).

Manufacturing Output Flat Month-to-Month, But Positive Signs Emerge

Monday, December 4, 2023 · Jeff Berman While the Institute for Supply Management’s monthly PMI remains in negative territory for November, several sectors are beginning to show signs of recovery.

Some Good, Some Not-So-Good in Latest ISM Manufacturing Report

Wednesday, November 1, 2023 · Jeff Berman Manufacturing output again contracted in October, according to the new edition of the Manufacturing Report on Business issued by the Institute for Supply Management.

August Manufacturing Output Continues Losing Streak

Tuesday, September 5, 2023 · Jeff Berman For the 10th consecutive month, the key benchmark metric for manufacturing output fell, according to the Institute for Supply Management.

May services economy activity remains on growth track, reports ISM

Monday, June 5, 2023 · Jeff Berman The Services PMI—at 50.3 (a reading of 50 or higher signals growth)—fell 1.6% off of May’s 51.9 reading, growing, at a slower rate, for the fifth consecutive month. ISM said that the services sector has seen growth in 35 of the last 36 months, with December 2022 being…

Manufacturing output declines again in May, reports ISM

Thursday, June 1, 2023 · Jeff Berman The report’s key metric, the PMI, registered a 46.9 reading (a reading of 50 or higher indicates growth), falling 0.2% off of April’s 47.1 reading.

People remain stumbling block to procurement success

Monday, May 22, 2023 · Brian Straight While technology can be an obstacle to procurement success, respondents to an ISM survey said humans remain the largest roadblock.

ISM Semiannual report calls for lower growth in manufacturing and services sectors in 2023

Tuesday, May 9, 2023 · Jeff Berman While growth is expected to remain in the cards, for the manufacturing and services sectors, over the balance of 2023, it is no longer set to expand at the same rates as were previously indicated, according to the “Spring 2023 Semiannual Economic Forecast,” which was…